In commercial investment properties, this is almost the exact opposite.Even if you had 50 separate tenants, the leases are structured in a way (or should be) where each tenant PAYS YOU an estimated amount of your annual repair and maintenance budget, taxes, insurance, property mgmt, landscaping, HVAC, etc. plus are required to pay for nearly all repairs within their own space if they occur.

After closing, my partners and I were blessed to make $37,000 on this flip even after we exceeded our rehab budget by approximately $20,000.

Looking for any suggestions or recommended loan providers.From what it sounds like so far, I either increase my cash in budget or start off with a lower priced property@Greg Dickerson thanks.

Start with getting some life experience find a job for a 16 year old and budget wisely.

We have identified two but this is our top choice but our budget is closer to $120k is that something even worth submitting in writing in your opinion?  

As I am drafting my budget for my first MF Apartment acquisition, I want to make sure I am not over-leveraged.Strategy will be to acquire a MF apartment building (20+ doors), Class C, with modest investment needed to stabilize the building, make repairs, value adds.

These kinds of expenditures will eviscerate your budgeted CapEx unless they were replaced very recently.

Capex budget should include roof 25 year life span. floors 10 year life span, appliances and hot water heater 12 years, hvac 20 years, bath and kitchen remodel 15-20 years.

Management (even if you self manage you should budget for it so that that if something changes you have the room for it) repairs, maintenance, (this should b low initially since you just did rehab but in the rental game things happen and you should plan for it) Snow removal?

I learned about estimating the rehab and that it went over budget.